The New Fleece Hotel, 9-11 Warrington Road, Ashton-in-Makerfield, Wigan, Lancashire, WN4 9PL
Guide Price* : £190,000
Freehold Former Hotel with Planning Consent for 11 Residential Flats
- Freehold Development Opportunity
- Former hotel with planning permission to convert to 11 flats
- Established residential area
- Site area 0.14 acres (0.05 hectares)
- Guide price of £190,000 reflects a low capital value of £25 psf
The property comprises a former hotel and public house arranged over two floors. The site also includes a small off license shop and a yard area which is currently used as car parking for approximately 8 cars.
The property has full planning consent for conversion to provide 11 flats (3 x 1 bed and 8 x 2 beds) with associated parking.
The property is located in Ashton-in-Makerfield, a small residential town equidistant between Liverpool and Manchester. the town benefits from excellent transport links with direct access to the M6, M58 and M62 motorways.
The property is located approximately 5 minutes walk from the High Street, which has a wide variety of local and national covenants including KFC, The Co-op and B&M Bargains. The property has frontage to Warrington Road, Heath Road and Butchers Lane, with car parking access off Butchers Lane. The flats will be accessed from both the road frontages and a new internal courtyard which will be created, many flats will have private access.
Wigan Borough Council
The property is not elected for VAT
Our Property Finance team have sourced both short and long term finance options for this lot.
Auction Finance is available for this lot at 60.00% LTV at a competitive rate.
For further information and long term finance options, please contact:
020 7198 2241
|Address||Accommodation||Sq M||Sq Ft|
|Flat 1||2 bed - 3 person||72.5||780|
|Flat 2||1 bed - 2 person||50.4||543|
|Flat 3||2 bed - 3 person||76.6||825|
|Flat 4||2 bed - 3 person||68.5||737|
|Flat 5||2 bed - 3 person||72.6||781|
|Flat 6||2 bed - 4 person||79.4||855|
|Flat 7||1 bed - 2 person||50.9||548|
|Flat 8||2 bed - 3 person||65.5||705|
|Flat 9||2 bed - 3 person||65.7||707|
|Flat 10||1 bed - 2 person||45.1||485|
|Flat 11||2 bed - 3 person||57.2||616|
Bidder AML Requirements
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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
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The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton May 2022
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
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